If XYZ Company had $80,000 of Accounts Receivable and it expected that bad debt expenses are...

 

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If XYZ Company had $80,000 of Accounts Receivable and it expected that bad debt expenses are 7% of Accounts Receivable, knowing that company journalized Bad debt expense at $5,000. The company's AFDA balance in the trial balance was: O Debit $5,600 O Credit $5,600 Debit $600 O Credit $600 None of the above If XYZ Company had $80,000 of Accounts Receivable and it expected that bad debt expenses are 7% of Accounts Receivable, knowing that company journalized Bad debt expense at $5,000. The company's AFDA balance in the trial balance was: O Debit $5,600 O Credit $5,600 Debit $600 O Credit $600 None of the above

Answer rating: 100% (QA)

account receivable80000 expected bad debt expense800000x 75600 company bad debt expense5000 allowan... View the full answer